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Aston Martin limits US exports to counter Trump's tariffs, quarterly loss narrows
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Aston Martin limits US exports to counter Trump's tariffs, quarterly loss narrows
May 25, 2025 9:29 PM

April 30 (Reuters) - Luxury carmaker Aston Martin

said on Wednesday it was limiting exports to the U.S. to

offset impact from President Donald Trump's tariffs, and

reported a narrower-than-expected first-quarter loss on lower

expenses and higher average prices.

Global automakers have been hit hard by Trump's 25% tariffs

on all imported vehicles and foreign-made auto parts - a key

escalation in a broader trade war that risks disrupting the

global economy. Some of those tariffs were eased on Tuesday.

The more than 110-year-old company reported an adjusted

pretax loss of 79.8 million pounds ($106.8 million) for the

three-month period ended March 31, compared with 110.5 million

pounds a year ago, and analysts' average consensus estimate of

89 million pounds.

($1 = 0.7469 pounds)

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